Capitolis cuts workforce by 25% as bear market bites

Recent senior hires including James Kibbe and James Reilly are among the departures

stock market down

Fintech firm Capitolis is laying off 25% of its staff as depressed markets stifle the growth of its recently launched capital marketplace unit, which connects institutional investors with banks in need of funding and capital.

The departures include James Kibbe, co-head of equity finance.

At least three other senior employees in the capital marketplace business – James Reilly, head of equity and total return swaps funding solutions, Alan Siegler, vice president for structuring and Robert Paige

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